Dennis S. Hudson III - Jun 15, 2023 Form 4 Insider Report for SEACOAST BANKING CORP OF FLORIDA (SBCF)

Role
Director
Signature
/s/ Dennis S. Hudson, III
Stock symbol
SBCF
Transactions as of
Jun 15, 2023
Transactions value $
$114,400
Form type
4
Date filed
6/16/2023, 05:56 PM
Previous filing
May 5, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SBCF Common Stock Options Exercise $114K +10.4K +5.04% $11.00 217K Jun 15, 2023 Direct F1
holding SBCF Common Stock 1.86K Jun 15, 2023 Direct F2
holding SBCF Common Stock 3.51K Jun 15, 2023 Direct F3
holding SBCF Common Stock 21.9K Jun 15, 2023 Held by Spouse in Trust
holding SBCF Common Stock 9.36K Jun 15, 2023 Direct F4
holding SBCF Common Stock 31.6K Jun 15, 2023 Direct F5
holding SBCF Common Stock 18.1K Jun 15, 2023 Direct F6
holding SBCF Common Stock 51.4K Jun 15, 2023 Held by Sherwood Partners, Ltd, family partnership

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SBCF Common Stock Right to Buy Options Exercise $0 -10.4K -100% $0.00* 0 Jun 15, 2023 Common Stock 10.4K $11.00 Direct F7
holding SBCF Common Stock Right to Buy 55.3K Jun 15, 2023 Common Stock 55.3K $31.15 Direct F7, F8
holding SBCF Common Stock Right to Buy 78K Jun 15, 2023 Common Stock 78K $28.69 Direct F7, F9
holding SBCF Common Stock Right to Buy 52K Jun 15, 2023 Common Stock 52K $14.82 Direct F7, F10
holding SBCF Common Stock Right to Buy 50K Jun 15, 2023 Common Stock 50K $10.54 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares held in Trust
F2 Represents an unvested time-based restricted stock award granted on April 1, 2021, which shall vest over 3 years in one-third increments, beginning April 1, 2022, and on each anniversary thereafter, subject to continued employment.
F3 Represents an unvested time-based restricted stock award granted on April 1, 2022, which shall vest over 3 years in one-third increments, beginning April 1, 2023, and on each anniversary thereafter, subject to continued employment.
F4 Held in IRA
F5 Represents shares held in the Company's Retirement Savings Plan as of March 31, 2023
F6 Shares held jointly with spouse
F7 Granted pursuant to the Company's Amended and Restated 2013 Incentive Plan
F8 Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continuous employment on each vesting date and the Company's banking subsidiary meets certain capital requirements.
F9 Originally had two tiered vesting. The performance criteria was met and the time-based vesting began on 12/1/2016. Option vests in equal installments at the end of each month over the next 48 months, provided that Optionee remains in continuous service on each applicable vesting date.
F10 Vests over 3 years in one-third increments each anniversary of the date of grant beginning on the first anniversary of the date of grant (the date indicated), subject to continued employment.